USDJPY

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.052%

Price spread now: Aevo against Lighter−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.048% cheaper against Lighter than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter USDJPY	156.91	−0.0080	get 0.0010% / 1h	28m 10s	$598K	$399K	50x
Short	Aevo USDJPY-PERP	156.83	0.0104	get 0.0013% / 1h	28m 10s	$25K	$500	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee AevobpOrdersPrice spread, now −0.048%Rate

Funding earned: $38.64
Price spread: −0.048% → 0.000%: −$4.83
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $17.81
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Lighter: live order book, 10 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 10 min ago	1.37 bp	2.7 bp −$3	8.6 bp −$86	42.6 bp −$4,255	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USDJPY on 15 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff USDJPY-PERP	−0.0800%	1h	156.99	+0.052%	$33K	—	50x	as long as short
Bitget USDJPYUSDT	−0.0376%	8h	157.07	+0.103%	$573K	$107K	100x	as long as short
tradeXYZ xyz:JPY	−0.0156%	1h	156.99	+0.052%	$29.7M	$3.3M	50x	as long as short
Extended USDJPY-USD	−0.0128%	1h	157.07	+0.104%	$848K	$96K	25x	as long as short
Lighter USDJPYlong	−0.0080%	1h	156.91	long leg	$598K	$399K	50x
edgeX USDJPYUSDC	−0.0053%	4h	156.98	+0.048%	$5K	$135K	50x	as long as short
Nado USDJPY-PERP	−0.0007%	1h	157.10	+0.122%	$98K	$1K	40x	as long as short
Bybit USDJPYUSDT	0.0000%	8h	156.80	−0.068%	$291K	$122K	100x	as long as short
Orderly PERP_USDJPY_USDC	0.0000%	8h	157.07	+0.103%	$25K	$21K	50x	as long as short
SunX USDJPY-USDT	0.0000%	1h	156.99	+0.052%	—	$1.6M	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX USDJPY-USDT	0.0000%	1h	156.99	+0.052%	$9K	$309K	20x	as long as short
Ondo Perps USDJPY-USD.P	+0.0050%	1h	156.96	+0.034%	$35K	$4K	10x	as long as short
Pacifica USDJPY	+0.0100%	1h	156.97	+0.039%	$94K	$34K	50x	as long as short
Aevo USDJPY-PERPshort	+0.0104%	1h	156.83	−0.048%	$25K	$500	10x
Injective USDJPY/USDC PERP	+0.0208%	1h	157.11	+0.129%	$25K	$87K	101x	as long as short